ALFI responds to the ESMA consultation on MiFID suitability Guidelines

29 Apr 2022 | Statements and Position Papers  


On 27 April 2022, ALFI responded to the European Securities and Markets Authority (ESMA) consultation regarding the update of the Guidelines on certain aspects of the MiFID II suitability requirements.

The consultation was published following amendments to MiFID II relating to sustainability and addressed in particular the collection of information from clients on sustainability preferences, the assessment of these preferences and related organisational requirements. The review of the Guidelines provided also an opportunity to consider other relevant factors such as the integration of the good and poor practices identified in the 2020 Common Supervisory Actions (CSA) and the amendments introduced through the Capital Markets Recovery Package to Article 25(2) of MiFID II.    

ESMA will consider the feedback it receives to the consultation in Q2 2022 and expects to publish a final report in Q3 2022.

View the ALFI response.